RAP Exam English Practice Demo Test 4

What amount of insurable interest does an individual have in his own life

If the license of an agent has been disqualified by a designated authority in 2010 then the person can apply for a license in which year

Under the hospital care rider what is the payout made

If the agent recommends the client to terminate an endowment plan and take a whole life in order to earn higher commission its termed as

Amit has taken a G-Sec and has parted with it mid way as he required the money with the intention of not getting the interest. What will he get?

If bonus is given under a plan the additional premium added is known as

Suresh is suffering from Asthma and the policy in been done on joint life basis and the need for nomination under the plan is less as

What key impact will the agent have in low persistency

Certificate from the village panchayat

What is the maximum sum assured under a micro insurance

Varun wishes to pursue a career in insurance and wishes to be in a department which calculates the level of premium. In which department should he join?

Ashish is looking at different plans of insurance for protection at the lowest premium. Which is the best plan for him?

The insurance act of 1938 created which of these.

The Authority of COPA is limited to what amount at the district level.

With reference to the principle of indemnity a life insurance policy is a.

If Insurable interest does not exists at the time of inception of the life insurance policy then, life insurance contract is

If a contract is signed by a 15 years old boy, this contract will be

If a life insurance policy is issued with a lien, it will be mention in

Available Loan amount under a life Insurance policy is generally based on

De- tarrification is a process by which pricing of Insurance

As per Regulation for protection of Policyholder’s interest 2002 (IRDA), Which insurer will have a grievance redressal System

Which regulatory body has created a call center for logging a complaints of insurance Customers

What is the key function of NIA

After maturity In a Unit Linked Life Insurance Policy, customer does not get received Maturity in a lump sum. What is the possibility of receiving it in installments if it is not a annuity pl

Anand received post taxation 5% return on his fixed deposit in a bank. If his net return is 3%, what can be the reason

During Fact finding, rating is mentioned ‘3’. This Indicates

Incase of presumption of death

Shailesh and ankit want to retire in the age of 65yrs. But shailesh pays more monthly payment than ankit. Why?

What will be lien amount in 3rd year as compared to the 4th year of lien.

Within how many years a complaint can be made through consumer protection act.

One person wants to take term plan for 20 lakh and wants to take ADB rider, he is not sure of how much sum assured he needs to take for ADB rider. What is your suggestion?

Basing on which criteria the qualification of Agent is determined?

A customer surrenders his policy on Feb 2011. As per Agents code of conduct, an agent can get a new policy from this customer from Feb which year

Pooling of insurance applies to

Insurance companies are required to honor the awards passed by the Insurance Ombudsman within how may days

If IRDA is unable to discharge its functions or duties, Central Government

An elderly person wants to use tax efficient investment and invests in senior citizen saving scheme. Its the impact in his taxation

What are the benefits to the policyholder Under Surgical care rider?

Health insurance policy holder takes treatment in a hospital which doesn’t have cashless facility. How the policy holder will get benefited

During financial planning session if the agent finds out the following needs, which one should be given the top priority. Needs: Income protection, Childs education, marriage and emergency funds.

Health insurance rider and critical illness rider in classified under

Pure risk is classified under

If a valid claim is delayed by the insurer then the interest for the same will have to be paid by the insurance after how many days from the date of admission of the claim?

As per IRDA regulations IGMS should be mandatory set up by

If a customer has mentioned he is a drinker in the proposal form, the insurance company can exclude this hazard and mention it in which part of the policy document?

When can an insurance company give more than 35% first year commission?

When should an agent disclose the commission which he will earn from the product which he is going to sell

In a pension plan illustration what are the parts which shows the benefit for an annuitant.

Mr. shailsh has an endowment policy with 30 years policy term, he has paid for eight years.  The sum assured Rs.8,00,000/- and accumulated bonus Rs.60,000/-. What is the paid up value if bonus accumulated and if not bonus accumulated?

The consequences of these risks which will affect specific individuals or local communities in nature is called as